Reported 15 days ago
Morgan Stanley has upgraded Micron Technology's rating from Equalweight to Overweight and increased its price target from $160 to $220, citing strong momentum in DRAM pricing and concerns about product availability through 2026 due to high demand for server and storage solutions. The firm anticipates significant price increases for server memory in late 2024 and early 2025, suggesting that current forecasts may be conservative.
Source: YAHOO